Tax

New legislation signed into law on July 1, 2018, made several changes to the New Jersey Gross Income Tax Act at N.J.S.A. 54A:1-1 et seq. as part of New Jersey’s fiscal year 2019 budget. The changes include increases in the New Jersey Earned Income Tax Credit (EITC) and the property tax deduction, and the addition…

Published on December 27th, 2017 Unlike many tax law changes from year to year, this year’s new tax law has multitude of significant changes. Some of the changes are intertwined – and some of the changes are offset by other changes such as: There is a tax rate reduction, offset by an elimination or reduction…

Published on December 27th, 2017 Unlike many tax law changes from year to year, this year’s new tax law has multitude of significant changes. Some of the changes are intertwined – and some of the changes are offset by other changes such as: There is a tax rate reduction, offset by an elimination or reduction…

Published on November 8th, 2017 It seems every time we turn around we are paying one tax or another. When real estate is sold there are usually multiple taxes to be paid. We are often asked, will I have to pay capital gains taxes when I sell my real estate? A second question becomes, is…

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